James B. Connor - Sep 3, 2021 Form 4 Insider Report for DUKE REALTY CORP (DRE)

Role: President and CEO, Director
Signature: Neal A. Lewis for James B. Connor per POA prev. filed.
Stock symbol: DRE
Transactions as of: Sep 3, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/8/2021, 10:23 AM
Previous filing: Jun 1, 2021
Next filing: Jan 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DRE	Common Stock	Gift	$0	-1.88K	-1.32%	$0.00	140K	Sep 3, 2021	Direct
holding	DRE	Common Stock						8.65K	Sep 3, 2021	By the Linda P. Connor Declaration of Trust dated 6/30/2005
holding	DRE	Common Stock						14.4K	Sep 3, 2021	By 401(k) Plan	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	DRE	Phantom Stock Units						15.4K	Sep 3, 2021	Common Stock	15.4K		Direct	F2
holding	DRE	LTIP Units						14.4K	Sep 3, 2021	Common Stock	14.4K		Direct	F3, F4
holding	DRE	LTIP Units						27.7K	Sep 3, 2021	Common Stock	27.7K		Direct	F3, F5
holding	DRE	LTIP Units						39.9K	Sep 3, 2021	Common Stock	39.9K		Direct	F3, F6
holding	DRE	LTIP Units						92.6K	Sep 3, 2021	Common Stock	92.6K		Direct	F3, F7
holding	DRE	Units						448K	Sep 3, 2021	Common Stock	448K		Direct	F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Between March 17, 2021 and September 8, 2021, the Reporting Person acquired 148 shares of DRE's common stock under the Company's 401(k) plan.
F2	Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between March 17, 2021 and September 8, 2021, the Reporting Person acquired 157 phantom stock units through dividend reinvestment. The units are valued on a one to one basis to the Company's common stock and are to be settled in stock upon the termination of employment.
F3	Represents units of limited partnership interest (LTIP Unit) in Duke Realty Limited Partnership (DRLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based incentive programs. When both earned and vested, each LTIP Unit will automatically convert into a Common Unit of limited partnership interest in DRLP. Each Common Unit acquired upon the conversion of an LTIP Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. LTIP Units converted to Common Units are generally not redeemable until two years from the date of the grant.
F4	LTIP Units vest in three equal installments beginning on February 10, 2020 and have no expiration date.
F5	LTIP Units vest in three equal installments beginning on February 10, 2021 and have no expiration date.
F6	LTIP Units vest in three equal installments beginning on February 10, 2022 and have no expiration date.
F7	LTIP Units awarded in lieu of performance share plan units and upon meeting the performance-based conditions, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934. LTIP Units are awarded according to the terms described in footnote 3 and have no expiration date.
F8	Represents LTIP Units that have converted to Common Units of DRLP. Each Common Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. LTIP Units converted to Common Units are generally not redeemable until two years from the date of grant and have no expiration date.